Deductions & credits

This "room" is in our owner occupied home that if we sold it now would qualify for the $500,000 exclusion (married).  Who knows how long we stay in this house and if we put it as a rental property rather than sell it.  We have lived her now for 23 years.   We currently have a rental home also and been depreciation it for years now, and if we sell that home would have "recapture" I would think also?  If we move to that home for a few years, and I add a home office again, then the rental property that has been accumulating depreciation would also accumulate home office depreciation.  Then the property I currently live in would become a rental and would have entire home depreciation.  Seems a bit complicated on this depreciation. 

 

I am just complicating things at this time.  But as long as I am living here then I will just put the total "prior depreciation" into the 8829 if I create another home office when I have income.  That will accumulate for me one way or another so I can keep track of it all. 

 

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